Tag: 80(G) tax exemption
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Smart giving: 80G deduction can maximize the impact of donations
IN the realm of philanthropy, an 80G deduction is an example of the desire to make a positive impact coupled with the practical consideration of financial implications. Donors seek ways to contribute meaningfully while also optimizing their financial resources. A powerful tool that aligns both the altruistic and pragmatic aspects of giving is the 80G…
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Unlock the tax benefits with 80G tax deduction
ARE you aware of an 80G deduction and its significant tax benefits while supporting NGOs and their noble causes? This comprehensive guide will delve into the intricacies of Section 80G of the Income Tax Act, 1961, and how it can serve as a powerful tool for reducing your taxable income while contributing to society. Understanding…
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5 Reasons to include donations in your tax planning
IT’s tax season and honestly it is no one’s favourite time of the year. And you, most probably are looking for ways on how to save tax. There are several ways that the tax man lets you do this. Providing for your family and safeguarding your future is one way. Tuition fees, home loan interests,…